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GBPUSD has a sideway bounce formation on the 1-hourly chart but I would say the EURJPY sideway bounce setup is a better setup, check out my trade-ideas profile for the setup.

On GBPUSD a minimum setup will be a Double Bottom with RSI Divergence for me to engage a buying opportunity.

Conservative traders will place stop-loss below the low of the circled shadow.

Join us in our next webinar as I will personally teach you a technique to intervene in your trade to maximise your investment. Registration of the training is within the member site: courses.forex100academy.com/
Training start on 12Aug2021, 9pm-10.30pm(+8GMT)

Live Chart:
tradingview.com/chart/GBPUSD/NWk7HCMO-GBPUSD-Weekly-Market-Analysis-Jul21-Wk3/

#GBPUSD #sidewaybounce #countertrend #doublebottom #rsibottom #candlestickpattern #candlestickanalysis

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